Korean-based specialist foundry, Dongbu HiTek is to set-up service and sales operations in Shanghai and Shenzhen as it moves to attract more Chinese fabless companies to use its IC fabrication plants. The company aims to have more than 20% of its annual sales coming from China by the end of next year.

According to market research firm, Gartner, the Chinese semiconductor market is expected to grow on average of 7% annually with sales of US$127 billion by 2014.

Gartner predicts China Analog market would be worth $US16 billion in 2014, representing more than 60% of the worldwide Analog semiconductor market.

“We aim to have more than 20 percent of our annual sales coming from China by the end of next year, and we expect to achieve this goal by continuing to strengthen our specialty foundry position,” commented Jae Song, the Korean foundry’s EVP of sales & marketing

Song noted that Dongbu HiTek will be highlighting its industry-leading BCDMOS processing technology at the 0.18-micron node during the IIC-China exposition.